Jiangsu Zongyi Co (SHSE:600770) Interest Expense : ¥-12.3 Mil (TTM As of Mar. 2024)

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What is Jiangsu Zongyi Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jiangsu Zongyi Co's interest expense for the three months ended in Mar. 2024 was ¥ -2.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-12.3 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Jiangsu Zongyi Co's Operating Income for the three months ended in Mar. 2024 was ¥ -22.7 Mil. Jiangsu Zongyi Co's Interest Expense for the three months ended in Mar. 2024 was ¥ -2.6 Mil. Jiangsu Zongyi Co did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Jiangsu Zongyi Co Interest Expense Historical Data

The historical data trend for Jiangsu Zongyi Co's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jiangsu Zongyi Co Interest Expense Chart

Jiangsu Zongyi Co Annual Data

Trend

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Interest Expense

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-37.81

-27.21

-20.80

-15.78

-11.83

Jiangsu Zongyi Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.09	-4.61	-1.81	-3.32	-2.58

Jiangsu Zongyi Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-12.3 Mil.

Jiangsu Zongyi Co (SHSE:600770) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Jiangsu Zongyi Co's Interest Expense for the three months ended in Mar. 2024 was ¥-2.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ¥-22.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ¥138.7 Mil.

Jiangsu Zongyi Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Jiangsu Zongyi Co did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Jiangsu Zongyi Co (SHSE:600770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Jiangsu Zongyi Co Ltd (SHSE:600770) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Zongyi Digital City, Gold Village, Xingdong Town, Tongzhou District, Jiangsu Province, Tongzhou, CHN, 226376

Website

http://www.600770.com

Jiangsu Zongyi Co Ltd is a China-based supplier of solar photovoltaic (PV) system integration and the operator of PV power plant construction. The company has built and operated photovoltaic power plants in different countries such as the United States, Germany, Italy, Czech Republic, Bulgaria, and others.

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